The nature of your LLC can influence which tax forms you need and what you ultimately owe. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

In general, partners in a limited liability company file their taxes the same way they would if the business were a partnership. In fact, the Internal Revenue Service treats an LLC with multiple ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. You’ve incorporated your venture as an LLC (limited ...

A limited liability company (LLC) is a legal business structure, but the IRS does not recognize an LLC as a classification for tax purposes. The IRS considers LLCs a disregarded entity for tax ...

Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...

If you are launching a new business, you may want to consider forming a separate entity such as a corporation or LLC, to protect your personal financial life. The legal form of your business brings ...

A limited liability company (LLC) is a business that offers management flexibility, pass-through taxation and, in most cases, personal asset protection during bankruptcy or lawsuits. Often, your home ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. You might have heard it from a friend, or maybe you saw it ...